Redondo Beach, CA Real Estate Housing Marketing Trends

RTI Properties Inc, Property Management Company is publishing some market trends for its customers who are interested to sell, buy or rent a real estate property in Redondo Beach, CA. To find a rental home, one requires the assistance of the Redondo Beach Property Management professionals and there you need to partner with RTI Properties Inc.

Housing Marketing Trends* in Redondo Beach, CA:

Housing trends in Redondo Beach have increased by 6.7 % in prices of median home sales over the previous year. A further prediction is that it will rise to 3.9% in the following year. Median Homes Sales rate is $ 602 per sq. ft. with the median home price at $ 1,08,4700 The median price of currently listed homes is $ 1,149,000, the however median price of sold is $ 1,005,800. Foreclosed homes shall remain the factor in the home prices in the ensuing years. Redondo Beach is a seller’s market in view market trends.

Foreclosed Homeowners in trouble in Redondo Beach, CA:

The real estate market in the United States fell by 20% nationwide due to 2008’s Bubble impact from their peak in 2007 to the trough in 2011. The real estate market of Redondo Beach has also been affected. In Redondo Beach, 0.4 % of homes are still under delinquent mortgages which are less than the national value of 1.1%. Many homeowners (3.8%) are in financial trouble because they owe to financial institutions more than the present value of their home.

Redondo Beach, CA Rentals**:

The median home rent is in the range of $3,700 per month in Redondo Beach. The average rent for an apartment (779 sq. ft. average apartment size) is $2,268 per month, which is almost 0% decrease than the last year when it was $2,270.The rent of Studio (522 sq. ft. average apartment size) apartments is $ 1,956 a month, at an average rent of $2,087 for one bedroom (710 sq. ft. average apartment size), 2- bedroom ( 1,005 sq. ft. average apartment size) at an average rent of $ 2,888 a month & 3-bedroom ( 1,260 sq. ft. average apartment size) at average rent of $2,593. The average apartment rent in Redondo Beach has increased by $53 (2.2%) over the last 6 months however one bedroom units decreased by $60 (-2.6%) and two bedroom apartments increased by $97 (3.5%).

Redondo Beach, CA Apartment Rents are in the ranges of:
$1,001-$1,500—-6%
$1,501-$2,000———43%
> $2,000———————-50%.

*Based on data updated October 2018.
** Based on data updated November, 2018.